How Brazil's innovative 'Pix' payment system is angering Trump and Zuckerberg

[umbertino]

 

The Pix instant payment system is used by nearly everyone in Brazil, from street vendors to major retailers. In a recent op-ed, economist Paul Krugman even touted it as the “future of money”. Its success has sparked global interest and some political tension after US President Donald Trump launched an investigation into the system

 

 

Issued on: 31/07/2025 - 11:58Modified: 31/07/2025 - 12:03

By:

Vitoria Barreto

 

 

 

In the streets of Rio de Janeiro one can find street vendors selling anything from popcorn to cigarettes to electronics, like charging cables and earphones.

 

If you ask to pay with cash or a credit card, the response will most likely be, “Do you have Pix?”  

 

Brazil’s instant payment system works much like US payment apps like Zelle, but instead of being ruled by a consortium of banks it is controlled by the Brazilian Central Bank.

 

To access the payment system, one only needs to have a Brazilian bank account and an email address or a phone number. You can then register a personal or company Pix key using a taxpayer ID number (Brazil’s version of a social security number).

 

The whole country is operating on the system, for everything from buying groceries in a remote rural village to buying clothes in a shopping mall in Latin America’s biggest city of São Paulo.

 

You name it, everyone’s using Pix.

 

The payment system is used by those from all income levels, with 159.9 million people registered at the end of June of 2025, according to Brazil’s Central Bank data.

 

“This has been the best thing the government has ever done for Brazil's poorest by far,” according to Márcio Garcia, an economics professor at Pontifical Catholic University of Rio de Janeiro..........

 

 

 

 

 

 

 

 

https://www.france24.com/en/americas/20250731-how-brazil-innovative-pix-payment-system-is-angering-trump-zuckerberg

 

[NMP2017]

yep..just like that old saying..."everybody and their dog has it". I live in Brazil and PIX is everywhere, easy to get, and easy to use!

[umbertino]

15 hours ago, NMP2017 said:

yep..just like that old saying..."everybody and their dog has it". I live in Brazil and PIX is everywhere, easy to get, and easy to use!

 

 

I didn't know you live in Brazil,NMP2017....Interesting....

 

May I ask where exactly.....If not the city I'd like to know which state at least....Thank you in advance

 

Obrigado

[md11fr8dawg]

So now the government of Brazil has COMPLETE control over the citizens, what could possibly go wrong hmmm???

[NMP2017]

19 hours ago, umbertino said:

 

 

I didn't know you live in Brazil,NMP2017....Interesting....

 

May I ask where exactly.....If not the city I'd like to know which state at least....Thank you in advance

 

Obrigado

for the time being I live in RJ...

[umbertino]

11 hours ago, NMP2017 said:

for the time being I live in RJ...

 

 

Thanks for your kind reply.....Gostei de RJ qdo visitei.....My hotel was in Leme ...At the beginning of Copacabana

[NMP2017]

13 hours ago, umbertino said:

 

 

Thanks for your kind reply.....Gostei de RJ qdo visitei.....My hotel was in Leme ...At the beginning of Copacabana

sempre fiquei na Copa ou ipanema quando visitando mas e caro para viver ai! rsrs

[umbertino]

5 hours ago, NMP2017 said:

sempre fiquei na Copa ou ipanema quando visitando mas e caro para viver ai! rsrs

 

 

Sim, claro....Entendo.....

 

Tenha um excelente dia, amigo...Ate' mais